MGC94
Level 7
04-06-2022
10:31 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
taxpayer got retroactive disability 2018,2019,2020. $97,765. Do they have to report this? Form SSA-1099- Socail security benefit statement. Has other income as will 1099-R from teaching $40,000. Rental and other misc
Labels
sjrcpa
Level 15
04-06-2022
11:26 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes they have to report it.
Someone asked about this yesterday but I can't find it.
Lisa pointed out there is a worksheet for this situation.
The more I know the more I don’t know.
MGC94
Level 7
04-06-2022
11:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you!
sjrcpa
Level 15
04-06-2022
11:52 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You're welcome.
The more I know the more I don’t know.
Camp1040
Level 11
04-06-2022
01:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you are using Basic, no worksheet provided in the program, if that is the case restore the file in professional use the worksheet and report the taxable result on the basic worksheet.
MGC94
Level 7
04-06-2022
10:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We do use professional and networked